Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lost in translation
Dec 10 2006 // To determine the appropriate insurance for a commercial client, the first step is a thorough review of the property-protection standards, public and private, in each of the countries where that client has operations. A...
Guy Carpenter Issues Report on Impact of Typhoon Saomai
Dec 6 2006 // Guy Carpenter & Co., the global risk and reinsurance specialist of the Marsh & McLennan Companies announced that its Instrat(R) unit has published “Typhoon Saomai: Impact and Historical...
Typical Auto Insurance Premium to Fall in 2007 Due to Anti-Fraud Efforts, Fewer Claims
Dec 6 2006 // The typical U.S. driver will pay less for auto insurance in 2007 than in 2006, with the average premium expenditure expected to drop by 0.5 percent, reported the industry-backed Insurance Information Institute. The average...
IAG Buying UK’s Equity Insurance Group for $1.12 Billion
Dec 6 2006 // Insurance Australia Group Limited (IAG) announced plans to acquire the U.K.-based Equity Insurance Group, one of the country’s larger motor (auto) underwriters and brokers for £570 million (A$1.397 billion –...
Study: St. George, Utah Ranked Most Secure Place To Live
Dec 5 2006 // According to the third annual “Most Secure U.S. Places to Live” rankings from Farmers Insurance Group of Companies, the most secure location to live in the United States is St. George, Utah. The rankings,...
U.S., Japan Sign Agree to Improve Consumer Product Safety
Dec 1 2006 // The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will...
Western U.S. Snowstorms Blamed in Deaths, Injuries; More in Store
Dec 1 2006 // A new storm headed into the northwestern U.S. the region shivered in the aftermath of unusually heavy rain and snow that was blamed for at least eight deaths and has caused traffic nightmares and power outages. The stormy...
4.4 Million Toys Recalled after Kids Swallow Magnets
Nov 29 2006 // A consumer research group called for warning labels on toys with magnets after more than 4 million Mattel play sets were recalled over injuries to several children who swallowed magnets that fell off. The Consumer Product...
Insurer Group Urges Supreme Court to Overturn Ruling on Credit Scoring
Nov 29 2006 // A national insurance trade group has filed an amicus brief urging the U.S. Supreme Court to overturn the cases of Safeco Insurance v. Burr and Geico General Insurance v. Edo, which said insurers acted in willful disregard...
Guy Carpenter Names Gralton to Head U.S. Casualty Wholesale Unit
Nov 29 2006 // Guy Carpenter & Company, Inc., a risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has named Nick Gralton as head of its U.S. wholesale casualty operation. Gralton will be based in...
Judge Rules in Favor of Plaintiffs in New Orleans Canal Case
Nov 29 2006 // In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in certain homeowners policies...
Calif. Company Recalling Contact Lens Solution
Nov 28 2006 // Santa Ana, Calif.-based Advanced Medical Optics Inc. is recalling U.S. batches of its Complete MoisturePlus multipurpose contact lens solution and Active Packs after finding bacterial contamination in three lots made at...
Catastrophe Bond Investors to Gain from Mild Hurricane Season
Nov 21 2006 // Investors who bet against the odds of another devastating Atlantic hurricane season now stand to cash in big-time on “catastrophe bonds.” Contrary to expert predictions, the season turned out to be the mildest...
Insurers Take Issue with Regulators’ Reinsurance Evaluation Proposal
Nov 21 2006 // A national insurer trade group has raised questions recently about a proposal involving the Reinsurance Evaluation office which is under auspices of the National Association of Insurance Commissioners (NAIC). The Property...
Did Green Party cost Democrats control of Michigan Senate?
Nov 20 2006 // Did Green Party cost Democrats control of Michigan Senate? One of the main reasons Republicans were swept from power was the Iraq war. Ironically, it may have helped preserve their long-standing lock on the Michigan...
1 IN 4 IN U.S. SAY FINANCIAL, PERSONAL INFORMATION STOLEN
Nov 20 2006 // More than one in four Americans say their financial information or personal information has been stolen, sometimes by someone they knew, according to a recent survey. The study done for Experian, the credit rating agency,...
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 20 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
The globalization of corporate responsibility
Nov 20 2006 // European PLUS D&O conference panelists say D&O claims and the demand for coverage are going global Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal...
Business Moves
Nov 19 2006 // Merchants Group Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, agreed to be bought by American European Group Inc., a private insurance holding company. The...
Business Moves
Nov 19 2006 // Hiscox, Bermuda Holding Company London’s Hiscox plc outlined its corporate reorganization plan. A new Bermudan domiciled holding company for the Group, Hiscox Ltd., has been established. Shareholders of Hiscox will...
